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Nov 11, 2012 11:00pm EST
.d.i.c. office in dallas, where they were holding a secret online auction in hopes of finding a buyer for heritage. >> i wanted to congratulate you. we've chosen to accept one of your three bids. >> the winner was mb financial, a $9 billion chicago bank. the night of the takeover, all of heritage community's branches became mb banks. mitchell feiger is mb's c.e.o. it's almost as if nothing had happened. >> almost nothing did happen. it's the same products. it's the same services. it's the same people taking care of the same customers. >> it was a sweet deal for feiger. the f.d.i.c. paid mb financial $3.5 million. mb got all of the deposits, customers, and loans. if some of those loans go bad in the future, the f.d.i.c. will pick up at least 80% of the losses. we wondered what feiger thinks of the health of banking today. >> you have to believe that dozens and dozens and dozens of more banks have to fail, but it's okay. >> what do you mean, it's okay? >> it's okay, because i think the process is smooth. depositors are fully protected by an industry-funded f.d.i.c. insurance. and i thin
Nov 5, 2012 6:00am EST
-dollar, 1.2796. shedding 0.1%. and this along with the other dallas crosses will be one to watch in the next about 48 hours and hopefully not too much longer than that. >> we are hoping we know in 48 hours exactly who the president is. cross our fingers on that. when we come back, as the northeast begins to recover from super storm sandy, the hardest hit regions are bracing for a possible nor'easter. this is the next phase. plus the final dash to election day. john harwood joins us with the latest poll findings. the new electoral map when "squawk box" returns. >>> let's take a quick look at us equity futures. just 24 hours before the big election. dow off 22, nasdaq, as well. bowieing and kuwaiti leasing company finalizing an order for max 8s, valued at $2 billion current list prices. the deal first announced in july. >> and now to the forecast and the likely hood of a nor'easter actually hitting the new york area later this week. danielle banks jonan joining us. there are a lot of questions in terms of the winds and the shore areas. what can you you tell us at this point? >> absolutely. we
Nov 7, 2012 9:00am EST
is president of the dallas fed, an extinguished fellow for the policy analysis, also a cnbc contributor and robert is a cnbc could contributor as well. robert helde robert heller, what happens now? he's going to have big decisions to make when it comes time to reverse this policy if in fact you believe that is going to happen sometime soon. >> they will do everything possible to support his policies. they will continue to buy a humongous amount of debt and fi nan the deficit. >> bob, what about you? i guess it's hard to talk about a reversal of fed policy when you have a day like today and discussions like we're having regarding the fiscal cliff. is it somehow accelerated in the months to come given the risks in the near term. >> i think there's hope that it will come to an end at some point. i doubt that mr. bernanke is going to be around after the first january 2014. i can't imagine that he'd want a new term, although i agree with robert that that probably wouldn't change the course of monetary policy. i think at the very least we've got another year and a month of what we now have. >
Search Results 0 to 2 of about 3